Analyst Willy Woo suggests that Bitcoin markets may face a prolonged consolidation phase without increased buying pressure. The recent rally from $75,000 to nearly $112,000 is showing signs of weakening, with potential profit-taking looming. Woo highlights the importance of the current week, stating that a lack of follow-through could lead to another consolidation period. Despite this, he notes that buy-side liquidity is strong, hinting at a potential upward trend in the long term. Bitunix analysts also warn of a possible pullback around $110,800, a critical level for market sentiment. Meanwhile, prominent figures like Donald Trump Jr. and Eric Trump predict Bitcoin surpassing $170,000 by 2026. Adam Back goes even further, foreseeing a $1 million price tag in five years. As Bitcoin hovers around $107,785, the market remains volatile with fluctuations in trading activity. Read more AI-generated news on: https://app.chaingpt.org/news

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